Seaport Res Ptn Issues Negative Outlook for APD Earnings

Key Points

• Seaport Res Ptn has downgraded its Q2 2026 earnings estimate for Air Products and Chemicals to $2.97 per share, down from a previous estimate of $3.02.
• In addition to the earnings revision, several major analysts have set target prices for Air Products and Chemicals, with UBS Group raising their price target to $344.00 and Citigroup increasing theirs to $320.00.
• The company announced a quarterly dividend of $1.79 per share, which will be paid on November 10th, despite having a dividend payout ratio of 103.02%.

Air Products and Chemicals, Inc. (NYSE:APD - Free Report) - Research analysts at Seaport Res Ptn cut their Q2 2026 earnings estimates for Air Products and Chemicals in a note issued to investors on Thursday, July 31st. Seaport Res Ptn analyst M. Harrison now forecasts that the basic materials company will post earnings of $2.97 per share for the quarter, down from their prior estimate of $3.02. The consensus estimate for Air Products and Chemicals' current full-year earnings is $12.69 per share. Seaport Res Ptn also issued estimates for Air Products and Chemicals' Q3 2026 earnings at $3.18 EPS, Q4 2026 earnings at $3.58 EPS, Q1 2027 earnings at $3.31 EPS, Q2 2027 earnings at $3.25 EPS, Q3 2027 earnings at $3.44 EPS and FY2027 earnings at $13.86 EPS.

Several other equities research analysts have also recently commented on the stock. Morgan Stanley began coverage on shares of Air Products and Chemicals in a research report on Thursday, May 29th. They set an "equal weight" rating and a $290.00 price target for the company. Royal Bank Of Canada initiated coverage on Air Products and Chemicals in a research note on Friday, June 13th. They issued an "outperform" rating and a $355.00 price target on the stock. Citigroup upped their price objective on Air Products and Chemicals from $310.00 to $320.00 and gave the company a "buy" rating in a report on Monday, June 30th. UBS Group boosted their target price on Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Mizuho lifted their price objective on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Air Products and Chemicals has an average rating of "Moderate Buy" and an average target price of $334.75.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $281.88 on Monday. The stock has a market cap of $62.73 billion, a price-to-earnings ratio of 40.56, a P/E/G ratio of 5.41 and a beta of 0.81. Air Products and Chemicals has a 12-month low of $243.69 and a 12-month high of $341.14. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The business's 50-day simple moving average is $285.05 and its 200 day simple moving average is $290.21.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.10. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.20 EPS.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio is currently 103.02%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wayfinding Financial LLC bought a new position in shares of Air Products and Chemicals in the first quarter valued at $25,000. Saudi Central Bank bought a new position in shares of Air Products and Chemicals in the 1st quarter valued at about $26,000. Cheviot Value Management LLC bought a new position in shares of Air Products and Chemicals in the 1st quarter valued at about $27,000. Financial Connections Group Inc. increased its stake in shares of Air Products and Chemicals by 46.7% during the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company's stock worth $31,000 after purchasing an additional 35 shares during the last quarter. Finally, Citizens National Bank Trust Department raised its holdings in shares of Air Products and Chemicals by 833.3% in the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 100 shares during the period. 81.66% of the stock is currently owned by institutional investors.

About Air Products and Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.

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